Inflection Point Acquisition Corp. Warrant

Inflection Point Acquisition Corp. Warrant is a special purpose acquisition company (SPAC) warrant designed to provide holders with the right to purchase shares of the combined entity resulting from a merger or business combination. Originating from Inflection Point Acquisition Corp. II, this warrant became associated with USA Rare Earth, LLC following the completion of their business combination in March 2025. The warrant’s primary function is to offer investors the opportunity to participate in the future equity of the newly combined company, now trading under the symbol associated with USA Rare Earth. SPAC warrants like this typically have defined exercise terms and allow investors to convert their warrants into common shares at a predetermined price, usually after specific milestones—such as the completion of the merger—are met. These instruments are commonly used in SPAC structures to enhance investor flexibility and to raise capital for targeted acquisitions, particularly in growth sectors like critical minerals and advanced materials. The Inflection Point Acquisition Corp. Warrant thus serves as a vehicle for investors to engage with emerging market opportunities tied to strategic industry shifts.